RLJ Lodging Trust Announces Dividends for Fourth Quarter of 2022

Rhea-AI Summary

RLJ Lodging Trust (NYSE: RLJ) announced a quarterly cash dividend of $0.05 per common share, payable on January 17, 2023, to shareholders of record as of December 31, 2022. Additionally, a dividend of $0.4875 per Series A Preferred Share will be paid on January 31, 2023, also to shareholders of record by December 31, 2022. This move signifies the company's commitment to returning value to its investors through regular dividend payouts.

Positive

• Quarterly cash dividend of $0.05 per common share enhances shareholder value.
• Series A Preferred Shares dividend of $0.4875 reflects strong capital management.

Negative

• None.

BETHESDA, Md.--(BUSINESS WIRE)-- RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.05 per common share of beneficial interest. The dividend is payable on January 17, 2023, to shareholders of record as of December 31, 2022.

The Board of Trustees also declared a quarterly cash dividend of $0.4875 on the Company’s Series A Preferred Shares. The dividend is payable on January 31, 2023, to shareholders of record as of December 31, 2022.

About Us
RLJ Lodging Trust is a self-advised, publicly traded real estate investment trust that owns primarily premium-branded, high-margin, focused-service and compact full-service hotels.

Forward Looking Statements
This information contains certain statements, other than purely historical information, including estimates, projections, statements relating to the Company’s business plans, objectives and expected operating results, and the assumptions upon which those statements are based, that are “forward looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally are identified by the use of the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “plan,” “may,” “will,” “will continue,” “intend,” “should,” “may,” or similar expressions. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company cautions investors not to place undue reliance on these forward looking statements and urges investors to carefully review the disclosures the Company makes concerning risks and uncertainties in the sections entitled “Risk Factors,” “Forward- Looking Statements,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report, as well as risks, uncertainties and other factors discussed in other documents filed by the Company with the Securities and Exchange Commission.

For additional information or to receive press releases via email, please visit our website:
http://www.rljlodgingtrust.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20221214006067/en/

Sean M. Mahoney, Executive Vice President and Chief Financial Officer – (301) 280-7774

Source: RLJ Lodging Trust

FAQ

What is the dividend payment date for RLJ Lodging Trust in January 2023?

The dividend payment date for RLJ Lodging Trust is January 17, 2023, for common shares, and January 31, 2023, for Series A Preferred Shares.

What is the amount of the cash dividend for RLJ Lodging Trust's common shares?

The cash dividend for RLJ Lodging Trust's common shares is $0.05.

When is the record date for RLJ Lodging Trust's January 2023 dividends?

The record date for the January 2023 dividends is December 31, 2022.

How often does RLJ Lodging Trust pay dividends?

RLJ Lodging Trust pays dividends quarterly.

What is the dividend amount for RLJ Lodging Trust's Series A Preferred Shares?

The dividend amount for RLJ Lodging Trust's Series A Preferred Shares is $0.4875.